The US has to improve its private business sector growing again. This will create the necessary tax base for the government tax income. It's also necessary to reduce the government spending to control the deficit and the government longterm debt.
This plan requires a concerted effort between the two major parties to reduce the government debt. It will take about 10 years or more to reduce the government debt to a manageable level. So, one president will not be able to fix the problem. It would take Congress to pass a legislation to reduce the national debt. That means, all the politicians will have to cooperate in a government reduction program and a business stimulus package over many years to solve the problem. The US has the income potential, know-how, capability, industries, and workforce to get the job done. Our leaders should take action now. If they don't, vote them out and replace them with people who can do the job. JR --- In FairfieldLife@yahoogroups.com, "wgm4u" <anitaoaks4u@...> wrote: > > Taxing the 'rich' alone, will never get us out of our present condition, we > need to cut spending and entitlements (and government pensions). Your short > sighted ideas are the same as those leading Greece in to bankruptcy..... > > --- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@> wrote: > > > > That's an opinion by Jarod Bernstein, an academic. I wonder if he ever > > worked in the real world? He has a problem defining a small business. > > I watched a business grow from one guys apartment to a company of over > > 400 people. As it got to be over 200 it started having problems. > > Entrepreneurs like to grow their companies so they can sell them off for > > big profits but the process becomes miserable both for the founder and > > employees. Going public with a company makes things worse as though it > > supplies financing it also makes the company less flexible and it shifts > > it's focus from pleasing the customer to pleasing the stockholder. > > > > Both the Republican and Democratic parties should be supporting small > > business. The Republicans lie to small business people to gain their > > support while passing pull the ladder up laws for the big corporations. > > Union support of the Democrats scares the hell out of small businesses. > > The tech sector avoid unionization by simply treating their employees > > right. That's not easy to do as you have to have managers willing to > > put their foot down and not allow turning the company into a monastery > > where tech geeks turn into tech monks looking for their badge of honor > > by working around the clock with diminishing results. HP did a study > > back in the 1990s that working more than 50 hours a week produced > > diminishing results. Creative development is also not understood by > > many suits as it is more an artistic discipline so hours have to be > > flexible. You may have someone who wants to spend untold hours cracking > > a problem but then you have to let them take the rest of the week off to > > let them recuperate. Your 9-to-5er's don't understand that. > > > > I love working in a small company because they are more fun and you get > > to connect with everyone. But as they grow larger you lose that > > connection and work becomes a grind. > > > > And then there is the problem that we may have produced most of what we > > need and don't need a whole lot of innovation for the time being. And > > some companies say they are doing just fine with the number of employees > > they have now and don't need to hire. And we can't have meaningless > > "make work" jobs just to employ people. Times have changed and our > > establishment hasn't. It needs to adjust or be replaced with an > > establishment that recognizes there is only enough work for people to > > work 1/3 of the year. There's the problem. > > > > On 02/12/2012 08:16 AM, marekreavis wrote: > > > I don't know myself, but that talking-point (used by both Republicans and > > > Democrats) may be just another sounds good foundational point without > > > much foundation. > > > > > > http://www.nytimes.com/2011/10/24/opinion/small-businesses-arent-key-to-the-economic-recovery.html > > > > > > (Perhaps the New York Times is a suspect source, but the numbers they use > > > seem pretty objective.) > > > > > > *** > > > > > > --- In FairfieldLife@yahoogroups.com, "wgm4u"<anitaoaks4u@> wrote: > > >> > > >> > > >> --- In FairfieldLife@yahoogroups.com, Bhairitu<noozguru@> wrote: > > >>> On 02/11/2012 04:41 PM, wgm4u wrote: > > >>>> --- In FairfieldLife@yahoogroups.com, Bhairitu<noozguru@> wrote: > > >>>>> On 02/11/2012 02:31 PM, wgm4u wrote: > > >>>>>> Effectively, there are no more 'Rich' people to tax in Greece, Oh > > >>>>>> NO, what are we going to do? Cut the public sector (Unions) > > >>>>>> parasites,that's what! > > >>>>>> > > >>>>>> > > >>>>>> http://news.yahoo.com/protests-greek-cabinet-approves-debt-deal-104956543.html > > >>>>> About every 80 years the rich corner all the wealth and want to > > >>>>> impose > > >>>>> "austerity" on their serfs. The serfs rise up and murder the rich. > > >>>>> So > > >>>>> it goes. > > >>>> We need more rich, not less; is it fair that the rich pay MOST of the > > >>>> taxes? > > >>> Absolutely, they benefit the most from our laws. But you get more rich > > >>> by keeping the obeisantly rich from accumulating too much money. IOW, > > >>> more millionaires fewer or no billionaires. You accomplish that with > > >>> progressive taxation which are not there to benefit the government but > > >>> to discourage the rich from hording money. We need rehab centers for > > >>> money junkies. There's a business you might get rich at, Billy. :-D > > >>> > > >>> Love the comments in that article BTW. Shows how stupid most people are > > >>> when it comes to economics. > > >>> > > >> Taxing millionaires and Billionaires isn't going to cut it, Obama wants > > >> to tax small business as well, (the engine of our economy), that's why > > >> the Republicans are against his re-distribution schemes. > > >> > > > > > > > > >
